July29_, 2014

The Daily Bankruptcy News

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Law:

The Examiners: Richard A. Chesley on Argentina and Distressed Investors --- Lisa Donahue --- Sharon Levine --- Paul Leake
(DBN)

Reed Smith Names Bankruptcy Partner As Global Head Of Strategy --- Senior management reshuffle approved at Reed Smith
(DBN)

Shearman's Winning Yukos Strategy
(DBN)

The most serious problem facing lawyers? Too many colleagues, say about half of Florida’s lawyers --- Florida's swollen ranks of lawyers scrap for piece of a shrinking legal pie --- Too Many Lawyers -- Should We Cull the Herd?
(DBN)

Ground Shifts Under Howrey's Unfinished Business Claims
(DBN)

Defunct Heller Ordered To Pay Costs In Failed Bid To Recover Lost Profits
(DBN)

10 Summer Associate Tips From Harvard Law Perfectly Sum Up Harvard Law
(DBN)

Cooley Law May Be Forced To Close One Of Its Campuses
(DBN)

A Simple, Sneaky Way To Win Any Argument
(DBN)

Should Solos And Smalls Wear Colorful Clothing To Court?
(DBN)

Ex-Citigroup Lawyer Elizabeth Sacksteder Joins Paul Weiss
(DBN)

Lawyerly Lairs: An In-House Counsel’s Housing Hunt
(DBN)

Limits on Enforcement of Bankruptcy Code in Foreign Transactions
(DBN)

Minneapolis: 3 partners of well-known firm injured in car crash while attending annual meeting
(DBN)

10 Cool Games You Can Play On Your Mac
(DBN)

Johnston Barton seeks to dismiss involuntary bankruptcy petition
(DBN)

Friends remember slain law prof; redacted report says he was killed in his garage --- Updates On The Investigation Into The Killing Of Professor Dan Markel
(DBN)

How To Gracefully Exit A Conversation
(DBN)

Cop shoots 6-year-old girl’s pet in head as she watches
(DBN)

Shot by patient, psychiatrist pulls gun and fires back, saving many lives, authorities say
(DBN)

Man gets 21 years for courtroom attack on district attorney
(DBN)

Judge OKs record-setting $2B sale of Clippers
(DBN)

News of DNA exoneration stuns ex-inmate who didn’t request test
(DBN)

Accused Gunman Has Exciting Few Days In Custody
(DBN)

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Judges:

Justice Ginsburg’s letter ‘made my day, if not my life,’ blogger says
(DBN)

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Wall Street:

US stocks : Futures decline before confidence report
(DBN)

Asia stocks up, Europe subdued before US data
(DBN)

Stocks Close Flat as Markets Look Ahead to Fed Policy Moves
(DBN)

Wall Street's 3-Word Summary Of Everything
(DBN)

Remember When Obama Said 'Buying Stocks Is A Potentially Good Deal'?
(DBN)

Marc Faber Predicts 20% to 30% Drop in Stocks
(DBN)

Stock bubble is ‘beyond 1929 and 2007’: economist
(DBN)

This tweak from the Fed could rock the market
(DBN)

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Layoffs:

Automation + recessions = a radical shift in the shape of America’s jobs market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

The airlines are making millions, but there's no relief in sight for consumers
(DBN)

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Autos:

Judge signs Fisker bankruptcy plan
(DBN)

Former GM CEO Akerson unaware of cultural issues
(DBN)

Culture overhaul is up to GM insiders
(DBN)

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Food/Beverage:

A Tale of Bankruptcy: Rocky Point Cantina's Fate in the Hands of a Reality TV Show Makeover
(DBN)

Quality Meat Packers Bankruptcy in Motion
(DBN)

Herbalife shares tumble after results miss targets
(DBN)

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Construction:

See who Truland owes money to
(DBN)

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Politics:

Hillary Clinton vs. Elizabeth Warren: Big Differences, Despite Claims To The Contrary
(DBN)

Sen. Joe Manchin Sued by Brother Over Loan
(DBN)

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Healthcare:

Firm agrees to pay $30.25M for Northeast nursing home
(DBN)

2,500 9/11 Responders Have Cancer
(DBN)

Congress Has Agreement on VA Reform
(DBN)

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Oil/Gas:

Hilco Industrial to Conduct Sale for Global Geophysical Services
(DBN)

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Electricity:

Montana Co-op Exits Bankruptcy
(DBN)

Electric Utilities Get No Jolt From Gadgets, Improving Economy
(DBN)

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Retailing:

Strong Retail Sales Predicted for Second Half of 2014
(DBN)

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Student Debt:

Grieving parents hit with $200,000 in student loans
(DBN)

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Hotels:

U.S. judge tosses suit vs Marriott over failed hotel
(DBN)

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Banking:

Morgan Stanley's Junior Bankers Are About To Get A Solid Raise
(DBN)

Deutsche Bank Had A Pretty Good Quarter, If You Ignore The $631 Million Of Legal Charges
(DBN)

Barclays Sued by Investor Over Losses From Dark Pool Suit
(DBN)

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Metals:

Bankruptcy judge clears way for sale of Ormet's Hannibal smelter
(DBN)

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Economy:

Dallas Fed: Manufacturing "Activity Picks up Pace Again" in July
(DBN)

1 in 3 US adults have 'debt in collections' --- GAO: Security Risk on 26,000 Pentagon Deadbeats
(DBN)

Yellen Watching What She Eats Would Help Track Prices
(DBN)

Shilling: US May Fall Back into Recession
(DBN)

The Fed’s five (not so) easy steps back to normal
(DBN)

The risk after Fed begins tightening
(DBN)

Tuesday: Case-Shiller
(DBN)

Medicare, Social Security head toward insolvency, at slower rate --- Medicare isn't going bankrupt. This chart proves it
(DBN)

Senate to vote on keeping federal highway money flowing to states as deadline looms
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Pending Sales of U.S. Existing Homes Unexpectedly Decrease --- NAR: Pending Home Sales Index decreased 1.1% in June, down 7.3% year-over-year
(DBN)

House Price Index up 0.9% in May, Up 5.9% year-over-year
(DBN)

Housing market still isn’t all fine and dandy
(DBN)

Surprisingly, Mel Watt is not forgiving principal on underwater loans
(DBN)

Housing Tracker Existing Home Inventory up 15.6% YoY on July 28th
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since January 2009
(DBN)

How a Boston group helps keep troubled borrowers in their homes — a model to fight blight?
(DBN)

10 Cheap Ways To Instantly Boost Your House's Value
(DBN)

Why Obama should get credit for reducing income inequality
(DBN)

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Municipalities:

Hold-out creditor argues for dismissal of Detroit bankruptcy case
(DBN)

Detroit releases audit, shows insolvency in June 2013 --- Detroit Was Insolvent When Bankruptcy Filed, Auditor Says
(DBN)

Detroit-owned real estate worth $1B, financial creditor argues --- Company challenging Detroit bankruptcy plan estimates art holdings at $8.5B, real estate $1.2B
(DBN)

Bankruptcy revelation: Detroit weighed DIA spin-off for $550M in 2011
(DBN)

Republican adviser quietly helped Detroit win DIA funding
(DBN)

Celebrities Jumping on Bandwagon to Help the Motor City
(DBN)

Detroit has put water shutoffs on "pause"--but not across the board
(DBN)

Bankruptcy creditors allowed to change votes; city to save $3.5 million
(DBN)

Cities should cut costs, not raise taxes
(DBN)

Detroit-Style Pension Cuts: Could It Happen Here?
(DBN)

Puerto Rico's Public Relations Headache
(DBN)

For Chris Christie, New Jersey pension battle presents a test for 2016 --- Christie, Sweeney Remain Worlds Apart on Pensions
(DBN)

San Bernardino fire union seeks to sue city
(DBN)

10 cities that got back up after the recession, and 10 still on the canvas
(DBN)

Best and worst states for kids’ economic
(DBN)

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Celebs:

Teresa Giudice, Unfazed By Looming Prison Sentence, Hits Beach
(DBN)

Dee Ford Of The Kansas City Chiefs: An NFL Rookie's Perspective On Financial Pressures
(DBN)

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Tax:

To corporate America, even French law looks inviting
(DBN)

Jacob Lew warns failure to quickly limit inversions imperils tax reform
(DBN)

Obama can act alone on inversions, ex-Treasury official contends
(DBN)

Swiss banks offer U.S. clients $5K to 'fess up
(DBN)

____________

LBOs:

LBO Defaults Didn’t Cause Lower Recoveries, Moody’s Says
(DBN)

____________

Mass Torts:

Rust-Oleum Maker to Pay $797.5 Million to Asbestos Trust --- RPM reaches $797.5 million deal to resolve Bondex asbestos claims
(DBN)

Deadline approaches for Freedom claims
(DBN)

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Celebs:

Actor Lorenzo Lamas Filed Bankruptcy For A Second Time?
(DBN)

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Shipping:

Horizon Lines: sell some markets, or go bankrupt
(DBN)

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Personal Finance:

10 Packing Hacks For Your Next Move
(DBN)

The 17 Fastest Ways To Get Ahead In Your Career
(DBN)

Take on more debt — it’s the American way
(DBN)

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Education:

Students Demand Answers as Bryman College Files for Bankruptcy, Closes Campuses
(DBN)

BioHealth, Bryman colleges shut doors following bankruptcy
(DBN)

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Corporate Reform:

SEC’s insider-trading probe could set record as biggest case ever
(DBN)

UBS Says SEC Has Been Investigating its Dark Pool Since 2012
(DBN)

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Finance:

Obscure export bank's fate traps GOP Senate hopefuls between party's tea party, business wings
(DBN)

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Alternative Energy:

U.S. trustee asks judge to dismiss Sherman Chapter 11 filing
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

And the Winners (Of Rudy's Tickets) Are…
(DBN)

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Subordination:

Delaware Court Enforces Subordination Agreements Despite Senior Indenture Trustee's Late Filing of Senior Claims
(DBN)

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Involuntary Bankruptcy:

A Dispute Over a Dispute: Recent Bankruptcy Court Decision Dismisses Involuntary Chapter 7 Petition Due to Bona Fide Disputes
(DBN)

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Mediation:

Bankruptcy Mediation: Case Studies, Considerations and Conclusions
(DBN)

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Cross-Border:

Corporate Recovery & Insolvency 2014 - Practices Around The World
(DBN)

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Avoidance Actions:

Not Fraudulent, Voidable
(DBN)

Rakoff's Foreign Fund Clawback Ruling Has Limitations
(DBN)

Goodbye UFTA, Hello UVTA
(DBN)

____________

Secured Debt:

To Lien Strip or Not to Lien Strip: Fourth Circuit Blesses Controversial 'Chapter 20' Valueless Lien Stripping
(DBN)

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Sovereigns:

Guess the Date – Holdout Edition
(DBN)

Argentina to hold last-gasp debt talks with mediator Tuesday --- Argentine debt mediator: no resolution, delegation returning to Argentina --- US Pollack confirms meeting with Argentine delegation Tuesday, without holdouts --- Gov't is mulling over default, debt swap
(DBN)

Argentina Bondholder Group Seeks to Waive Deal-Killer Clause
(DBN)

Some Euro- bond holders willing to waive the RUFO clause
(DBN)

How Argentina's Default May Trigger $29 Billion in Claims
(DBN)

Market braces for tumble in Argentina debt prices
(DBN)

Griesa eases bond payments agenda; Argentina complies with the Paris Club --- The Incredible, Magical, Shrinking Injunction?
(DBN)

Mix of Money and Politics Stirs Intrigue Around Kirchner
(DBN)

3rd time unlucky: Argentina set for new default
(DBN)

Actually, Argentina's Leaders Might Be Genius
(DBN)

Analysis - Argentine debt defiance may strengthen holdouts' legal position
(DBN)

Offer puts Argentine 'holdout' deal on table
(DBN)

Don't mess with me Argentina
(DBN)

“ Argentina Dances With Default”, warns The Wall Street Journal
(DBN)

Investors Losing Confidence Argentina Will Reach Deal With Creditors --- Argentine Bonds Fall as Default Deadline Looms With No Progress
(DBN)

Argentina sends team to New York for last-minute debt talks
(DBN)

____________

UK:

Insolvencies to remain steady but base rate rise could spell trouble --- Personal insolvencies back to post-recession levels
(DBN)

Personal insolvencies rise by 8% --- Number of Business Insolvencies Down
(DBN)

Lloyds Attacked by Carney as Bank Fined for Libor-Rigging
(DBN)

IMF Says BOE May Need to Drain Reserves as it Lifts Rates
(DBN)

Lloyds 'Risks Criminal Action' In Rigging Case
(DBN)

When Is a Company Insolvent under English Law?
(DBN)

Gherkin Tower up for Sale
(DBN)

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EU:

One-third of people in Europe say they don’t feel European
(DBN)

____________

PIIGS:

Codere Bonds Rise as Debt Restructuring Talks Extended
(DBN)

Spanish Bankia's good results irritate non rescued banks --- Spain has ghost estates too and jobless families are starting to squat
(DBN)

Athens wants ECB stress tests to factor in banks' restructuring plans-source
(DBN)

Steelworkers strike against job cuts at Italy's Terni plant
(DBN)

Bank of Portugal says BES loss can be remedied by capital hike
(DBN)

____________

Ukraine:

German govt and industry lobby support tougher sanctions on Russia --- White House To Russia: Prepare For The Worst Sanctions Yet
(DBN)

____________

Russia:

Hague court orders Russia to pay $50 billion in Yukos case --- Rosneft Dollar Bonds Slump to 12-Week Low on Yukos Court Ruling --- Russia's Rosneft expects no claims in Yukos ruling --- Ruble, Moscow Stocks Tumble After Yukos Ruling --- Yukos former co-owner Nevzlin hopes Moscow will pay $50 billion compensation --- Only the very brave, or foolish, are investing in Russia right now --- Russia shares tumble on Yukos ruling, sanctions fears --- Russia/Yukos ruling shows BITs have teeth
(DBN)

Russia to appeal ruling of The Hague Arbitration Court --- Says Hague had no jurisdiction
(DBN)

US: Russia Violated Cold War Nuclear Missile Treaty
(DBN)

____________

MENA:

Israel Steps Up Attacks --- The White House Is Furious At Israel’s Thrashing Of John Kerry --- Israel Carried Out About 70 Airstrikes In Gaza Last Night As Offensive Intensifies
(DBN)

Workers For The Qatar World Cup Say They Haven't Been Paid In More Than A Year, Are Living In Squalor
(DBN)

____________

Germany:

Turning the Tables: Insolvency Law as an Acquisition Tool in Germany
(DBN)

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Australia:

Disaster for Penrice creditors
(DBN)

____________

 

 

 

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